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Meats Futures Prices

Thu, Nov 26th, 2020
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Futures Market News and Commentary

Hogs Head Higher into the Holiday

Lean hog futures ended the Wednesday session with gains of 67 cents to $1.07 in the nearby contracts. December Pork Cutout futures were $1.07 higher on Wednesday. The CME Lean Hog Index for Nov 23 was down 13 cents at $67.70. USDA’s National Average Base Hog price was down 50 cents at $57.39 in the PM report. USDA’s National Pork Carcass Cutout value was up 77 cents on Wednesday afternoon to $78.35. USDA FI hog slaughter for Wednesday was again 494,000 head. The WTD total is 1.462 million head, 24,000 more than last week and 26,000 larger than the same week in 2019.

DEC 20 Hogs closed at $66.300, up $1.000,FEB 21 Hogs closed at $67.825, up $1.075APR 21 Hogs closed at $70.900, up $0.675DEC 20 Pork Cutout closed at $81.200, up $1.075,

--- provided by Brugler Marketing & Management 

Hogs Higher Leading Up to Turkey-Day

Lean hog futures are up 35 to 60 cents at midday. December Pork Cutout futures are 42 cents higher on Wednesday. The CME Lean Hog Index for Nov 23 was down 13 cents at $67.70. USDA’s National Average Base Hog price was down 41 cents at $57.48 in the AM report. USDA’s National Pork Carcass Cutout value was up 56 cents on Wednesday morning to $78.14. USDA FI hog slaughter for Tuesday was again 497,000 head. The WTD total is 994,000, 24,000 more than last week and 11,000 larger than the same week in 2019.

DEC 20 Hogs closed at $65.675, up $0.375,FEB 21 Hogs closed at $67.350, up $0.600APR 21 Hogs closed at $70.575, up $0.350DEC 20 Pork Cutout closed at $80.550, up $0.425,

--- provided by Brugler Marketing & Management 

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